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13622 Country Hill Court Tomball, TX 77375

3 Beds 3 Baths 2,260 sqft Built 2002

$275,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $121.68
  • 29 Days on Market
  • MLS # : 20785773
  • Updated Date : 01/12/2021 at 21:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exit Lone Star Realty

Listing Agent's Description

Stunning and well maintained 3 bedroom, 2 1/2 bath two story with a formal dining room and study, along with a large family room with a wood burning fireplace. Kitchen has all white built in appliances, granite counter tops, and two door side by side refriigerator will be staying with the home along with a washer/dryer. Primaary bath has a stand alone shower with a jetted garden tub along, with double vanity sinks and lots of storage. Spacious gameroom upstairs, large ceiling fans in all bedrooms, and wood shutters throughout the home. Call to set up a showing today.

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro's economy is worth $544.6 billion in Gross Metro Product and projected to grow to $580 billion in 2019 (USMayors.org, 2018)
  • Houston metro has 63.4% labor force participation rate higher than the national rate 62.8%. The participation rate is expected to grow to 63.6% in 2020 (USMayors.org, 2018)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k278k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10421905

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Tomball Intermediate School Primary Regular 715 53 8
Tomball Intermediate School Middle Regular 715 53 8
Tomball High School High Regular 1,624 93 8

Tomball Intermediate School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 53
8
GreatSchools Rating

Tomball Intermediate School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 53
8
GreatSchools Rating

Tomball High School

  • Education Level: High
  • # of students: 1,624
  • # of teachers: 93
8
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$955
Property Tax -$578
Property Insurance -$176
HOA -$17
Property Management Fees -$99
CASH FLOW
$85

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,326

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,910

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6753$1,8004$1,9105$2,350
$2,350
RENT COMPS ANALYSIS
  • 13622 Country Hill Court Tomball, TX 4
    • 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.85
    •  
  • 30623 Country Meadows Drive Tomball, TX 1
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1998
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.84
    •  
  • 30702 Country Meadows Drive Tomball, TX 2
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2001
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 13638 Country Pine Court Tomball, TX 3
    • 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2001
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 13511 E Lost Creek Road Tomball, TX 5
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1996
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
PROPERTY LISTING DETAILS
Raquel Sanchez
1.512.751.6907
Exit Lone Star Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 20785773
Last Updated: 01/12/2021
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